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Real Estate Prices & Overview

Valle Verde Estates median real estate price is $373,233, which is more expensive than 73.1% of the neighborhoods in New Mexico and 54.1% of the neighborhoods in the U.S.

The average rental price in Valle Verde Estates is currently $1,932, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 76.0% of the neighborhoods in New Mexico.

Valle Verde Estates is a rural neighborhood (based on population density) located in Albuquerque, New Mexico.

Valle Verde Estates real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Valle Verde Estates neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Valle Verde Estates has a 10.1% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 61.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Occupations

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Valle Verde Estates neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 17.2% of its workforce, this neighborhood has a greater concentration of government workers than 98.2% of U.S. neighborhoods.

People

One of the really interesting characteristics about the Valle Verde Estates neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 4.2% of college-friendly places to live in the state of New Mexico. In addition to being an excellent choice for college students, this neighborhood is also a very good choice for families with school-aged children.

Diversity

Did you know that the Valle Verde Estates neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Scots-Irish ancestry.

Valle Verde Estates is also pretty special linguistically. Significantly, 0.7% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 96.1% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Valle Verde Estates neighborhood in Albuquerque are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 49.4% of the neighborhoods in America. With 15.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 61.6% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Valle Verde Estates neighborhood, 33.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (23.5%), and 17.2% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Valle Verde Estates neighborhood is English, spoken by 72.0% of households. Some people also speak Spanish (28.0%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Valle Verde Estates neighborhood in Albuquerque, NM, residents most commonly identify their ethnicity or ancestry as Mexican (43.0%). There are also a number of people of Spanish ancestry (13.4%), and residents who report German roots (9.0%), and some of the residents are also of Scots-Irish ancestry (4.4%), along with some English ancestry residents (2.6%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Valle Verde Estates neighborhood spend between 15 and 30 minutes commuting one-way to work (52.9% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (11.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Economics & Demographics include:
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Migration & Mobility
Race & Ethnic Diversity
Employment Industries & Occupations
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Higher Education Attainment
Crime includes:
Neighborhood Crime Index
Crimes Per Square Mile
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Schools include:
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